Farmer Mac reports record Q2 core earnings $42.2M ($3.86/share), net effective spread up 34% YoY

FEDERAL AGRICULTURAL MORTGAGE CORP

2023-Q2 EPS reported $7.39

Core EPS (non-GAAP) $3.86, up 36% YoY; diluted GAAP EPS $3.70 vs $3.23 YoY.
Net interest income $78.7M, up 23% YoY; net effective spread $81.8M, record.
90-day delinquencies 0.17%; core capital $1.4B, 70% above statutory requirement.
Added $1.6B in liquidity; $0.6B new business volume in servicing rights.
Outstanding business volume $26.7B as of June 30, 2023.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FEDERAL AGRICULTURAL MORTGAGE CORP reported fiscal quarter ended June 30, 2023 results: net income $40.4 million, EPS $3.70.

Period: fiscal quarter ended June 30, 2023
Net income: $40.4 million
EPS: $3.70
Result: reported results

Exact text from the filing

On August 7, 2023, the Federal Agricultural Mortgage Corporation (“ Farmer Mac ”) issued a press release to announce (1) its financial results for the fiscal quarter ended June 30, 2023

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Source: SEC EDGAR

accession 0000845877-23-000176

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